Allspring Global Investments Holdings LLC Has $2.22 Million Holdings in Nutanix (NASDAQ:NTNX)

Allspring Global Investments Holdings LLC cut its stake in shares of Nutanix (NASDAQ:NTNX - Free Report) by 11.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 31,762 shares of the technology company's stock after selling 4,035 shares during the quarter. Allspring Global Investments Holdings LLC's holdings in Nutanix were worth $2,217,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Harbour Investments Inc. lifted its holdings in shares of Nutanix by 2,612.5% in the fourth quarter. Harbour Investments Inc. now owns 434 shares of the technology company's stock valued at $27,000 after purchasing an additional 418 shares in the last quarter. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of Nutanix by 78.0% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 436 shares of the technology company's stock valued at $30,000 after purchasing an additional 191 shares in the last quarter. Colonial Trust Co SC purchased a new stake in shares of Nutanix in the fourth quarter valued at $28,000. Fifth Third Bancorp lifted its holdings in shares of Nutanix by 98.4% in the first quarter. Fifth Third Bancorp now owns 504 shares of the technology company's stock valued at $35,000 after purchasing an additional 250 shares in the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich purchased a new stake in shares of Nutanix in the fourth quarter valued at $40,000. 85.25% of the stock is owned by institutional investors.

Analysts Set New Price Targets

NTNX has been the subject of a number of research analyst reports. Needham & Company LLC restated a "buy" rating and issued a $92.00 target price on shares of Nutanix in a report on Thursday, May 29th. Wall Street Zen lowered Nutanix from a "strong-buy" rating to a "buy" rating in a report on Monday, June 30th. Piper Sandler reiterated an "overweight" rating and set a $88.00 price objective (up from $76.00) on shares of Nutanix in a report on Thursday, May 29th. Morgan Stanley reiterated an "overweight" rating and set a $90.00 price objective (up from $75.00) on shares of Nutanix in a report on Tuesday, May 20th. Finally, KeyCorp began coverage on Nutanix in a report on Thursday, June 26th. They set an "overweight" rating and a $95.00 price objective for the company. Two investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $90.71.

Insider Activity

In other Nutanix news, Director Virginia Gambale sold 7,000 shares of the company's stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $78.00, for a total value of $546,000.00. Following the completion of the sale, the director owned 38,330 shares of the company's stock, valued at approximately $2,989,740. This represents a 15.44% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Rukmini Sivaraman sold 2,100 shares of the firm's stock in a transaction on Monday, June 16th. The stock was sold at an average price of $72.73, for a total value of $152,733.00. Following the sale, the chief financial officer directly owned 209,070 shares in the company, valued at $15,205,661.10. The trade was a 0.99% decrease in their position. The disclosure for this sale can be found here. Insiders sold 5,552,549 shares of company stock worth $426,621,281 over the last quarter. 6.80% of the stock is owned by insiders.

Nutanix Stock Performance

NTNX traded down $1.21 during mid-day trading on Friday, reaching $72.40. The stock had a trading volume of 2,055,078 shares, compared to its average volume of 2,525,289. The stock has a market capitalization of $19.41 billion, a P/E ratio of 156.22, a P/E/G ratio of 7.07 and a beta of 0.67. The firm's fifty day simple moving average is $76.34 and its two-hundred day simple moving average is $70.32. Nutanix has a 52 week low of $43.35 and a 52 week high of $83.36.

Nutanix (NASDAQ:NTNX - Get Free Report) last announced its quarterly earnings data on Wednesday, June 4th. The technology company reported $0.42 EPS for the quarter, beating analysts' consensus estimates of $0.38 by $0.04. The firm had revenue of $638.98 million for the quarter, compared to analyst estimates of $626.12 million. Nutanix had a negative return on equity of 21.32% and a net margin of 0.97%. The business's quarterly revenue was up 21.8% compared to the same quarter last year. During the same period last year, the company earned $0.28 EPS. As a group, analysts expect that Nutanix will post 0.31 EPS for the current fiscal year.

Nutanix Profile

Nutanix, Inc engages in the provision of a cloud platform leveraging web-scale engineering and consumer-grade design. It operates through the following geographic segments: United States, Europe, the Middle East, Africa, Asia Pacific, and Other Americas. The firm also provides software solutions and cloud services to customers' enterprise infrastructure.